A 17,360-square-foot industrial building in Ontario has been sold for $3.4 million. The multi-tenant structure at 1804-828 E. Elma Court has 13 fully-occupied units, according to 36th Street Partners, the El Segundo-based industrial investment firm that purchased the property. Built in 1982, the building sits on 1.3 acres in a …
Read More »Palm Springs resort to become apartment
A former Palm Spring resort has been sold for $4.7 million. Tuscany Manor was sold to a private buyer who plans to convert the property into an apartment complex, according to CBRE. CBRE represented the seller, Dr. Steven Bein, a retired dentist, and the buyer, whose name was not released. “The …
Read More »Shopping center gets refinanced
A 99,000-square-foot retail center in Riverside has been refinanced with a $12.8 million loan. The property is part of the Citrus Landing shopping center and is anchored by Stater Bros. Auto Zone and Ross Dress For Less, according to a statement. Located at 7200 Arlington Ave. the parcel also includes …
Read More »Local real estate firm helps makes sale in Bakersfield
Progressive Real Estate Partners in Rancho Cucamonga has helped arrange the sale of a Bakersfield property occupied by Chase Bank. A San Bernardino County investor whose name was not released bought the parcel for $2.9 million, according to a statement released Feb. 21 by Progressive. The seller was a local …
Read More »State, Inland housing sales both record 12-month increase
Sales of existing single-family homes in California totaled 256,160 in January, up 14.4 percent from December and nearly six percent higher than January 2023, according to data released last week. Statewide, the median home price during the first month of this year was $788,940, down 3.8 percent from December but …
Read More »SoCal housing prices, sales go in opposite directions
Southern California’s median home price was $720,000 in December, a 5.1 percent year-over-year increase, according to data released this week. Those numbers include new and resold houses and resold condominiums in Riverside, San Bernardino, Los Angeles, Orange, San Diego and Ventura counties, CoreLogic in Irvine reported Feb. 13. All six counties recorded …
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